tntsunrise
Short

A new selling opportunities for USOIL

FX:USOIL   Crude Oil (WTI)
6270 56 111
A new selling opportunities for USOIL            
The Measured AB=CD move
ends at 39.70

Look left there is good structure now acting as resistance
SL should be above 40.15 the ext 1.618
Look for Price Action and also RSI
to enter the short trade,
if a bullish candle close abve 40.15, then the set up
is invalid.
Calculate your lot size,
For example, if you enter at 39.70, SL 40.20
50 pips, and you dont want to lose 500 buck
u should only trade 0.5 LOT ( 1 LOT = 1000 barrel)
Trade active: Order filled at 39.70
Comment:
snapshot
Comment:
snapshot


Rejected at 1.618 ext.
Comment:
snapshot
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Hi do you think should stay clear of position prior sunday meeting? much appreciated if you can post an update or a new idea on oil. thanks again
Reply
still valid short?
Reply
SL hit at 40.4 trade closed :(
Reply
Equal jafbash786
Same here. Stopped. I guess to not re-enter.
Reply
tntsunrise TOP jafbash786
40.30 is key resistance, if price falls back below 40.30, still can short
Reply
jafbash786 tntsunrise
price was rejected quite harshly re entered at 40.2 now in the green
Reply
jafbash786 tntsunrise
any thoughts on current price action jack its quite sideways now
Reply
watsonzou26 tntsunrise
The price currently falls back to 40.21, very interesting to see how it will unfold, what target do you see in short term, Jack?
Reply
tntsunrise TOP watsonzou26
38.26
Reply
watsonzou26 tntsunrise
THANKS, Jack. Always follow your chart!
Reply
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